Kimberly-Clark Corporation ($KMB) Stock Forecast: Down 5.1% Today

What is Kimberly-Clark Corporation?

Kimberly-Clark Corporation (NYSE: KMB) is a consumer goods company known for its household and personal care products. Today, the stock experienced a strong bearish movement in the market.

Why is Kimberly-Clark Corporation going down?

KMB stock is down 5.1% on Jul 23, 2024 19:11

• A sharp increase in adjusted profit for Q2 2024 was reported by Kimberly-Clark. Despite this positive news, the stock tumbled due to missing revenue targets.
• The company beat earnings per share (EPS) estimates but fell short on revenue, leading to investor disappointment.
• Kimberly-Clark raised its annual profit forecast on the back of higher prices, which could have initially boosted investor confidence but was overshadowed by the revenue miss.
• The mixed results from the earnings report, with strong earnings growth but lower-than-expected revenues, likely contributed to the bearish movement in KMB stock today.

KMB Price Chart

KMB Technical Analysis

KMB News

Infographic: Highlights of Kimberly-Clark’s (KMB) Q2 2024 results

Consumer goods company Kimberly-Clark Corporation (NYSE: KMB) Tuesday reported a sharp increase in adjusted profit for the second quarter of 2024, despite a modest decrease in sales. Net sales decreased […] The post Infographic: Highlights of Kimberly-Clark’s (KMB) Q2 2024 results first appeared on AlphaStreet .

https://news.alphastreet.com/infographic-highlights-of-kimberly-clarks-kmb-q2-2024-results/

KMB Stock Earnings: Kimberly-Clark Beats EPS, Misses Revenue for Q2 2024

Kimberly-Clark (NYSE:KMB) just reported results for the second quarter of 2024. Kimberly-Clark reported earnings per share of $1.96. This was above the analyst estimate for EPS of $1.71. The company reported revenue of $5.03 billion. This was 1.39% worse than the analyst estimate for revenue of $5.10 billion. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com.

https://investorplace.com/earning-results/2024/07/kmb-stock-earnings-kimberly-clark-for-q2-of-2024/

Kimberly-Clark Shares Tumble After Missing Revenue Targets Despite Earnings Growth - Kimberly-Clark ( NYSE:KMB )

Kimberly-Clark Corporation KMB shares are trading lower following mixed second-quarter earnings. Kimberly-Clark reported quarterly adjusted earnings per share of $1.96 ( +19% ) , beating the analyst consensus of $1.71. Quarterly revenues of $5.029 billion, missing the street view of $5.109 ...

https://www.benzinga.com/news/earnings/24/07/39909260/kimberly-clark-shares-tumble-after-missing-revenue-targets-despite-earnings-growth

Kimberly-Clark raises annual profit forecast on higher prices

https://www.investing.com/news/stock-market-news/kimberlyclark-raises-annual-profit-forecast-beats-q2-eps-on-higher-prices-3530595

https://www.investing.com/news/stock-market-news/kimberlyclark-raises-annual-profit-forecast-beats-q2-eps-on-higher-prices-3530595

Kimberly-Clark ( KMB ) Q2 Earnings Top Estimates

Kimberly-Clark (KMB) delivered earnings and revenue surprises of 16.67% and 1.42%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2306590/kimberly-clark-kmb-q2-earnings-top-estimates

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Kimberly-Clark Corporation Price History

07.06.2023 - KMB Stock was down 0.4%

• The tough operating landscape and volatile consumer spending mentioned in an article from Zacks Commentary may have impacted Kimberly-Clark's first-quarter results, leading to the bearish movement.
• The decline in consumer spending despite a rise in personal income, as mentioned in an article from Zacks Commentary, could have also affected Kimberly-Clark's stock performance.
• The mention of rising food prices and inflation in an article from Investor Place may have created concerns about increased costs for Kimberly-Clark's products, potentially impacting its profitability and causing the bearish movement.
• The news of Kimberly-Clark de México going ex-dividend in an article from Seeking Alpha might have contributed to the bearish movement as investors may have sold off the stock after the dividend declaration.

24.09.2023 - KMB Stock was down 1.9%

• The bearish movement in KMB's stock today could be attributed to the following factors:
• 1. Profit-taking: After the positive earnings report and beating estimates, some investors may have decided to take profits, leading to a downward pressure on the stock price.
• 2. Market sentiment: Despite the positive financial results, the overall market sentiment may have turned bearish, causing investors to sell off their positions in KMB along with other stocks.
• 3. Price hikes: Although not explicitly mentioned in the provided articles, the news headline "Kimberly-Clark boosts profit target for third time as price hikes pay off" suggests that the company has implemented price increases. This could have potentially impacted consumer demand and investor sentiment, leading to the bearish movement in the stock.
• 4. Technical factors: It's also worth considering technical factors such as support and resistance levels, moving averages, and other indicators that may have influenced the bearish movement in KMB's stock.
• Overall, the bearish movement in KMB's stock today may be a result of profit-taking, market sentiment, potential impact of price hikes, and technical factors.

25.00.2024 - KMB Stock was down 5.5%

• KMB shares had a strong bearish movement due to disappointing earnings, with the stock opening lower than the previous close.
• The company missed profit and sales forecasts, partly due to the impact of the strong dollar on international revenue.
• Despite the weak results, Kimberly-Clark raised its quarterly dividend, which could have overshadowed the negative news for some investors.
• The overall bullish market movement may have contributed to the stock's decline being less severe than it could have been.

28.02.2024 - KMB Stock was up 2.2%

• Kimberly-Clark stock was upgraded to Outperform with a higher target, reflecting favorable sentiment from analysts and investors.
• The CEO shared new strategies for innovation and growth, potentially boosting investor confidence.
• The company's new operating model and workforce reductions as part of its transformation plan may indicate a commitment to efficiency and profitability.
• Kimberly-Clark's strategic transformation plan, emphasizing growth opportunities and cost savings, likely influenced the stock's bullish performance.

23.03.2024 - KMB Stock was up 7.1%

• First-quarter results from Kimberly-Clark exceeded analyst expectations, with both adjusted earnings per share and revenues outperforming predictions.
• The company's strong performance in Q1 and its improved outlook for adjusted earnings per share in 2024 were key drivers of the stock's bullish movement.
• Factors such as brand strength and the FORCE program contributed to Kimberly-Clark's positive results, despite concerns about manufacturing costs and market volume.
• Positive assessments of key metrics for Kimberly-Clark's Q1 earnings from financial markets further supported the stock's upward momentum.

21.06.2023 - KMB Stock was up 2.6%

• The S&P500 forward 12M P/E multiple being at a high 18.9 suggests positive investor sentiment towards the overall market, which could have positively influenced KMB's stock.
• Kimberly-Clark's second-quarter results are expected to reflect gains from revenue management efforts and strategic growth pillars, indicating potential positive news for the company.
• KMB outpacing stock market gains and closing higher in the previous trading session further supports the bullish movement.
• The expectation of Kimberly-Clark beating estimates in its next earnings report and the anticipation of earnings growth also contribute to the positive market sentiment surrounding the stock.

28.05.2023 - KMB Stock was down 0.6%

• The bearish movement in KMB could be attributed to the lagging performance of consumer staples stocks in general, as mentioned in an article from Zacks Commentary.
• Additionally, the market may have reacted to the upcoming second-quarter earnings of McCormick (MKC), a competitor in the sector, as highlighted in an article from Zacks Commentary.
• The news of Kimberly-Clark winning the Innovation Award at Kinexions 2023, with the help of ProvisionAI, may not have had a significant impact on the stock movement.
• The overall market sentiment towards consumer staples stocks, coupled with potential concerns about cost inflation, could have contributed to the bearish movement in KMB.

23.03.2024 - KMB Stock was up 5.5%

• Kimberly-Clark (KMB) revealed impressive Q1 2024 earnings results, with earnings per share of $2.01, surpassing analyst estimates, and revenue of $5.15 billion, beating expectations.
• The company's organic sales growth of 6% demonstrated its revenue-driving capabilities despite a slight 1% decline in net sales year-over-year.
• Investors responded positively to the earnings outperformance, resulting in a 5% increase in KMB shares as they rose during the premarket session.
• The market activity can be attributed to Kimberly-Clark's robust financial performance in Q1 2024, as it exceeded both earnings and revenue projections, bolstering investor confidence and fueling the bullish momentum.

23.06.2024 - KMB Stock was down 5.1%

• A sharp increase in adjusted profit for Q2 2024 was reported by Kimberly-Clark. Despite this positive news, the stock tumbled due to missing revenue targets.
• The company beat earnings per share (EPS) estimates but fell short on revenue, leading to investor disappointment.
• Kimberly-Clark raised its annual profit forecast on the back of higher prices, which could have initially boosted investor confidence but was overshadowed by the revenue miss.
• The mixed results from the earnings report, with strong earnings growth but lower-than-expected revenues, likely contributed to the bearish movement in KMB stock today.